Asbestos: A House-Flipping Nightmare

Asbestos: A House-Flipping Nightmare

When you’re buying and flipping houses for a living, you want the properties you purchase to make your job easy.

Unfortunately, that doesn’t always happen. In fact, some things may turn a great deal into a huge nightmare… such as asbestos.

What is Asbestos, and Why Do You Have to Worry About It?

Asbestos is a natural mineral that does not easily decompose. It was typically used in homes built between the 1930s and 1970s (the U.S. government banned it for use in homes during the late 70s, so if the property you’re buying was built in the 1980s or later, the chances of it containing any asbestos are slim).

The most common uses of asbestos during that 40-year span included:

Roofing and siding shingles

Insulation

Textured paint

Patching compounds used on wall and ceiling joints

Artificial ashes and embers used in gas-fired fireplaces

Walls and floors around wood-burning stoves

Vinyl floor tiles and the backing on vinyl sheet flooring

Hot water pipe and steam pipe covering

Asbestos was often added to products to make them stronger, to provide heat insulation, or to create fire resistance.

Unfortunately, many houses built as late as the 1990s may still use building materials that contain asbestos, so you can’t let your guard down.

What’s Wrong With Asbestos?

The problem with asbestos is that it is a carcinogen that has been known to cause lung cancer when inhaled.

During the asbestos removal process, tiny fibers can be released into the air – and that’s where the danger comes in. The fibers remain in the lungs for years, and over time, they can accumulate to cause scarring and inflammation (which lead to other health problems, as well).

How to Test for Asbestos

If you’re purchasing a property that’s at-risk for containing asbestos, it’s a good idea to call in an expert who can run the appropriate tests for you. Typically, a visual inspection that you conduct yourself isn’t enough; any suspicious fibers that could be asbestos will need to be tested in a laboratory.

If the samples test positive, you’ll want to hire a licensed asbestos removal service to protect yourself (both physically and legally).

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House flippers focusing on flipping luxury homes are a part of a rising market. While non-luxury houses aren't flipping as well, this market, if you can afford it is still doing well. Consider that the National Association of Realtors showed that sales of existing homes declined over ten percent in the last year. Starter homes,